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Home 🌿 Cannabis Technology News 🌿 Cannabis Seed-to-Sale System Flowhub Closes $500,000 in Funding 🌿

Cannabis Seed-to-Sale System Flowhub Closes $500,000 in Funding

Submitted by Marijuana News on Wed, 06/03/2015 - 08:00

Flowhub, a next generation seed-to-sale platform for the cannabis industry, is pleased to announce it has closed a seed round led by Poseidon Asset Management, as well as a private placement by MassRoots (MSRT); a total of $500,000 was raised. "We had to turn down investments towards the end of the round because we were quickly becoming oversubscribed," said Chase Wiseman, Flowhub's CFO. Flowhub is currently operating in private beta and is expected to formally launch later this summer.

"We have spent the past seven months in stealth mode designing an incredibly efficient seed-to-sale technology that will streamline grow-facility and dispensary operations while keeping businesses compliant," stated Flowhub CEO Kyle Sherman, who has first hand experience working in a commercial grow facility and dispensary. "We couldn't have asked for two more strategic investors: the largest social network for cannabis consumers, MassRoots, and one of the most renowned institutional investors in...

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